Notes, summaries, assignments, exams, and problems for Primary education

Which of the following is most likely an issuer bonds: HEDGE FUND

A bond issued by a city would most likely be classified as a: NON-SOVEREIGN GOVERNMENT BOND

A fixed-income security issued with a maturity at issuance of nine months is most likely classified: MMSECURITY

The price of a bond issued in the US by a British company and denominated in US dollars is most likely: CHANGE AS US INTEREST RATES CHANGE

Interbank offered rates are best described as the rates at which major banks can: BORROW UNSECURED FUNDS

A company issues floating-rates bonds. The coupon rates is expressed as the three-month Libor plus a spread. The coupon payments are most likely: LIBOR INCREASES

A 10-year bond was issued four years ago. The bond is denominated in US dollars,

Understanding Quality

Quality is a subjective subject; it can be clustered into five quality points of view:

1. Internal processes
2. Business performance
3. Product/service characteristics
4. Customer perception
5. Company strategy

Quality Planning – The process of identifying the quality standards relevant to the project and deciding how to meet them.

Quality Improvement – The purposeful change of a process to improve the confidence or reliability of the outcome.

Quality Control – The continuing effort to uphold a process’ integrity and reliability in achieving an outcome.

Quality Assurance – The systematic or the planned actions necessary to offer sufficient reliability that a particular service or product will meet the specified requirements.

What is Quality?

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Key Concepts in Business Ethics

1. Terminal values: Preferences about desired end states.
2. Instrumental values: Preferences regarding the means to desired ends.
3. Procedural justice: Concerned that policies and rules are fairly applied.
4. Distributive justice: Concerned that people are treated the same regardless of personal characteristics.
5. Interactional justice: The degree to which others are treated with dignity and respect.
6. Cultural relativism: Suggests there is no one right way to behave; ethical behaviour is determined by its cultural context.
7. Ethical dilemma: A situation that, although offering potential benefit or gain, may be considered unethical.
8. Ethics training: Seeks to help people understand the ethical aspects of decision-

Incoterms: FAS, FOB, CIP, and CPT

What kind of cargo is used for FAS? Why?

Containers are used for FAS because the goods are carried on board a ship.

Which are the two possible cases of delivery for FCA?

• When the goods have been loaded on the transport designated by the buyer or by a person acting on its behalf.
• When the goods are made available to the seller's carrier transport, without being discharged.

Allocation of Costs and Risk for FAS and FOB

The seller is required to deliver the goods alongside the actual ship on the pier. From that point forward, the buyer bears all costs (loading cost, freight, insurance) and risks. Under FAS terms, the buyer is required to clear the goods for export and pay the cost of loading the goods.

Why is it so important

Remedies for Breach of Contract

Rescission of the Contract

Suit for Damages

Free Consent

Free Consent, as defined in Section 13, occurs when "two or more persons agree upon the same thing and in the same sense."

For example, if A agrees to sell his car to B, but A intends to sell his Maruti while B believes he is buying A's Honda, there is no consent because they haven't agreed on the same thing in the same sense. Consequently, there is no contract.

Section 14 states that consent is considered free when it is not caused or affected by the following:

• Coercion
• Undue Influence
• Fraud
• Misrepresentation
• Mistake

Coercion (Section 15)

Coercion involves using force or threats to compel a person to enter into a contract. The consent obtained under coercion is not free.

Undue Influence (Section 16)

Undue influence occurs when one party,... Continue reading "Understanding Free Consent and Contract Discharge" »

Legal Rules as to Valid Offer

Essential Elements

1. Communication: Offer must be communicated to the offeree.
2. Certainty: The offer must be certain, definite, unambiguous, and not vague.
3. Legal Relation: The offer must be capable of creating a legal relation.
4. Expression: Offer may be express or implied.
5. Completeness: Communication of the complete offer is necessary.
6. Counter Offer: A counter-offer amounts to a rejection of the original offer.
7. Cross Offer: Cross offers do not conclude a contract.
8. Acceptance Burden: An offer must not thrust the burden of acceptance on the offeree.
9. Invitation to Offer: Offer must be distinguished from an invitation to offer.
10. Intention: The offeror should have the intention to obtain the consent of the offeree.
11. Specificity: Offer

Adverse Impact

Unintentional discrimination against a protected group.

Employee Screening

The process of reviewing information about job applicants to select individuals for jobs.

Clinical Approach

Subjectively combining sources of information based on the general impression of the hiring specialist.

Least Valid Employee Screening Test

Handwriting analysis.

Reliability and Validity

• Reliability: Refers to the stability of a measure over time, or the consistency of the measure.
• Validity: Refers to the accuracy of inferences or projections drawn from measurements.

Parallel Forms

A method of establishing the reliability of a measurement instrument by correlating scores on two different but equivalent versions of the same instrument.

Criterion-Related Validity

There... Continue reading "Effective Employee Screening and Selection Strategies" »